ALLEGED N1.4BN OIL FRAUD: EFCC RE- ARRAIGNS NADABO ENERGY BOSS, ALI PETERS, FIRM IN LAGOS . (PHOTO). #PRESS RELEASE

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 Alleged N1.4bn Oil Fraud:  EFCC Re- arraigns Nadabo Energy Boss, Ali Peters, Firm in Lagos  The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Tuesday, March 31, 2026, re-arraigned Nadabo Energy Boss, Abubakar Ali Peters, for an alleged N1.4 billion oil fraud before Justice Ismail Ijelu of the Lagos State High Court sitting in Ikeja. Peters alongside his company, Nadabo Energy Limited, was previously standing trial before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja. However, the matter was re-assigned to Justice Ijelu, following Justice Balogun’s retirement. The defendants are being prosecuted by the EFCC on a 27-count charge bordering on the alleged use of forged documents to obtain the sum of N1,464,961,978.24 from the Federal Government as oil subsidy. One of the counts reads: "Nadabo Energy Limited and Abubakar Ali Peters, on or about the 3rd day of April, 2012, at Lagos, within the Lagos Judicial Division,...

PHOTOS FROM THE 2017 OJUDE OBA FESTIVAL HELD TODAY IN OGUN STATE.{PHOTOS}.

Image may contain: 1 person, smiling, sitting                 Ogun State Governor, Senator Ibikunle Amosun joined dignitaries, sons and daughters of Ijebuland as well as the good people of the state to celebrate with the Awujale and Paramount Ruler of Ijebuland, Oba (Dr.) Sikiru Kayode Adetona the 2017 Ojude Oba Festival, on Sunday.More photos below.
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